Assuming this project reaches the same size as Celsius - also compensating for the projects' blockchain's native coin value - MELD could reach a market cap of $0.3B which would put the MELD token at a value of $0.075. It currently resides at a market cap of $1.5B. Let's speculate a little on how high a market cap this project can reach.Ĭurrent biggest fiat lending crypto project (which comes with many disadvantages compared to MELD) is Celsius. So there's a fixed supply of 4 billion meld. If Cardano can deliver on scalability and fees around 1/10th of Ethereum's I think it's reasonable it could go 6-12x assuming the overall market continues chugging along which would put 2023 Market cap at $4.5B and a MELD price around $1.50. Keep in mind circulating supply will be 3B at that point making price $.75. Market caps of both of these coins in the 3-6 months after ICO ranged from $1B - $1.4B and have since grown 3-6x so if we conservatively estimate MELD's market cap post ISPO between 1/2 and 1/3 of these that would be about $500M again and a price of $.28 with potential 2023 market cap of $2.25B assuming a growth rate in between AAVE and COMPOUND. ![]() I haven't found enough data yet to figure out how to adjust these for the fact that Nexo/Celsius appear to focus more on the US while MELD will explicitly not be targeting US users early on.Ĭomparing to decentralized competition like AAVE and COMPOUND is more accurate though since MELD explicitly aims to be decentralized like these protocols. If we lean conservative let's say MELD's market cap is $500M after the launch with 1.8B tokens in circulation that's a price of ~$.28 on December 8th, 2021. ![]() Since then, each has gone 33-75x and sit in the $1B - $2.3B market cap range. You have centralized comparables like Nexo and Celsius that "ICO'd" during bear market conditions with market caps in the $30M range. Read more about the major milestones in MELD’s journey from the launch of the ISPO to present.I've used several different methods and scenarios to value the MELD token right after it's launch post ISPO with the assumption that there will be about 1.8B MELD tokens (3B -1.2B that went to investors in private sale but is locked until September 2022). We are privileged to have front-row seats and see history in the making with MELD standing upon the shoulders of Cardano, and I for one look forward to seeing the future of DeFi rest upon MELD’s shoulders to witness what pioneering boundaries will be continually punctured and realized. Standing on the shoulder of giants has seen humanity pushing at the boundaries of the impossible and making it possible. This financial merge has never been done before, however, if anyone is going to pioneer the way, it’s MELD with their never-been-done-before record, such as with their ISPO.Īchieving these goals will bring the economic freedom deserved by millions of people of which the Western World has failed. In the next 12 months MELD plans to grow their community significantly and launch a crypto-to-crypto and fiat banking service merging the two together. With over one hundred million users, and strong pressures to iron out regulatory integration, the next 10 years are going to be wild within the crypto space! The adoption curve so far, follows that of the internet and we are still in the 90s by comparison. Crypto tech hasn’t changed, only getting better, and aims to improve the lives through financial means to millions. It is of my opinion that this is just yet another blip in the road towards mass adoption with crypto experiencing heavy and uncomfortable growing pains. There is much fear, uncertainty and doubt (FUD) regarding the future direction that crypto may be headed towards. “Crypto markets are in turmoil and at a historical low with contributing factors such as the US Federal Reserve struggling with the inflation crisis, Celsius and Three Arrows Capital concerns and the war in Ukraine to name a few, all compounding the issue.
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